Stock Futures Drop as Iran Stalemate Drives Up Oil Prices

Stocks were on track to open lower on Monday after the U.S. and Iran failed to broker a deal to end the war in the Middle East, which drove up oil prices and bond yields. Nasdaq 100 futures fell 0.9%. The three major indexes all rose last week as investors hoped for progress in the talks between the U.S. and Iran, but there was little sign of that over the weekend.